Grown in America Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 10494 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 10494 To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 18, 2024 Mr. Kustoff (for himself, Mr. Rouzer, Mr. Alford, Mr. Carey, and Mr. Costa) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Grown in America Act of 2024''. SEC. 2. DOMESTICALLY PRODUCED AGRICULTURE CREDIT. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following…